Nehal Chokshi

Eric Martinuzzi

Maxwell Michaelis

- Class action lawsuits have been filed against **Quantum Corporation (QMCO)**, **Tronox Holdings PLC (TROX)**, **Savara Inc. (SVRA)**, and **Fly-E Group, Inc. (FLYE)**.  **[709283_023b1f13cae148b590a7ff99a912eef6_0]** **[709283_023b1f13cae148b590a7ff99a912eef6_1]** 
- For **Quantum Corporation**, the complaint alleges improper revenue recognition during the fiscal year ended **March 31, 2025**, which would necessitate a restatement of financial statements for the fiscal third quarter ended **December 31, 2024**.  **[709283_023b1f13cae148b590a7ff99a912eef6_0]**  The lead plaintiff deadline for QMCO is **November 3, 2025**.  **[709283_023b1f13cae148b590a7ff99a912eef6_0]** 
- **Tronox Holdings PLC** faces allegations that it was ill-equipped to adequately forecast demand for its pigment and zircon products and continued to promote lofty margin projections.  **[709283_023b1f13cae148b590a7ff99a912eef6_0]**  The lead plaintiff deadline for TROX is **November 3, 2025**.  **[709283_023b1f13cae148b590a7ff99a912eef6_0]** 
- **Savara Inc.** is alleged to have made misleading statements regarding the regulatory approval of its MOLBREEVI BLA, which reportedly lacked sufficient information, making FDA approval unlikely and increasing the potential need for additional capital.  **[709283_023b1f13cae148b590a7ff99a912eef6_0]**  The lead plaintiff deadline for SVRA is **November 7, 2025**.  **[709283_023b1f13cae148b590a7ff99a912eef6_0]** 
- **Fly-E Group, Inc.** is accused of making false and misleading statements by praising its brand and cost reductions while minimizing risks associated with its lithium battery, supply chain, and regulatory environment.  **[709283_023b1f13cae148b590a7ff99a912eef6_1]**  The lead plaintiff deadline for FLYE is **November 7, 2025**.  **[709283_023b1f13cae148b590a7ff99a912eef6_1]**

Class Action Lawsuits Filed Against Quantum, Tronox, Savara, and Fly-E Group

- **Q/C Technologies, Inc.** announced a collaboration with LightSolver to introduce the **qc-LPU100™**, a Q/C-branded quantum-class laser processing unit (LPU) designed to compute at the speed of light.  **[709283_e123c4ab2e854b83990c1f710a2f6091_0]** 
- The qc-LPU100™ aims to outpace GPUs and quantum processing units (QPUs) with **higher speed, efficiency, scale, and sustainability**, having demonstrated speeds up to **100x faster than GPUs** for certain problems with **1/100 the energy usage**.  **[709283_e123c4ab2e854b83990c1f710a2f6091_0]** 
- This technology is intended to transform **crypto mining** for Decentralized Physical Infrastructure (DePin) tokens and support AI companies, with plans to scale to **100,000 variables by 2027** and **one million by 2029**.  **[709283_e123c4ab2e854b83990c1f710a2f6091_0]** **[709283_e123c4ab2e854b83990c1f710a2f6091_1]**

Q/C Technologies Introduces qc-LPU100™ Quantum-Class Laser Processing Units

- **Quantum Solutions Co., Ltd.** (TSE: 2338) has become **Asia’s largest institutional holder of Ethereum (ETH)**, accumulating **2,365 ETH** in just **seven days**.  **[709283_647c11c1cd494a8b939283f7a0ea42f9_0]** **[709283_647c11c1cd494a8b939283f7a0ea42f9_1]** 
- This strategic move, part of its Digital Asset Treasury (DAT) strategy, has received public endorsement from **ARK Invest CEO Cathie Wood**, signaling growing international confidence.  **[709283_647c11c1cd494a8b939283f7a0ea42f9_0]** **[709283_647c11c1cd494a8b939283f7a0ea42f9_1]** 
- The company, through its Hong Kong subsidiary GPT Pals Studio Limited, is expanding its digital asset reserves and aims to be a pioneering publicly listed crypto treasury company in Japan.  **[709283_647c11c1cd494a8b939283f7a0ea42f9_1]**

Quantum Solutions Becomes Asia's Largest Institutional ETH Holder

- Quantum Corporation announced preliminary unaudited financial results for its fiscal second quarter of 2026, which ended on **September 30, 2025**.  **[709283_0000709283-25-000072_exhibit991f2q26prelimresul.htm:0]** 
- The company expects **revenue** of approximately **$62.5 million**, which is at the high-end of its guided range.  **[709283_0000709283-25-000072_exhibit991f2q26prelimresul.htm:0]** 
- Preliminary GAAP gross margin is anticipated to be approximately **37.5%**.  **[709283_0000709283-25-000072_exhibit991f2q26prelimresul.htm:0]** 
- Preliminary GAAP operating expenses are expected to be approximately **$32 million**, and non-GAAP adjusted operating expenses are projected to be approximately **$25 million**, which is favorable to the guidance range.  **[709283_0000709283-25-000072_exhibit991f2q26prelimresul.htm:0]**

Quantum Corporation Announces Preliminary Q2 2026 Financial Results

- Quantum Corporation announced preliminary unaudited financial results for its fiscal second quarter of 2026, which ended **September 30, 2025**.  **[709283_c649db5d9d17419db07eff960c71f7a8_0]** 
- The company expects **revenue of approximately $62.5 million**, which is at the high-end of its guided range.  **[709283_c649db5d9d17419db07eff960c71f7a8_0]** 
- Preliminary GAAP gross margin is anticipated to be approximately **37.5%**.  **[709283_c649db5d9d17419db07eff960c71f7a8_0]** 
- Non-GAAP adjusted operating expenses are projected to be approximately **$25 million**, favorable to the guidance range.  **[709283_c649db5d9d17419db07eff960c71f7a8_0]**

Quantum Announces Preliminary Fiscal Second Quarter 2026 Results

- The Law Offices of Howard G. Smith is reminding shareholders of **Quantum Corporation (NASDAQ: QMCO)**, **Tronox Holdings PLC (NYSE: TROX)**, **Savara Inc. (NASDAQ: SVRA)**, and **Fly-E Group, Inc. (NASDAQ: FLYE)** about opportunities to file lead plaintiff motions in securities fraud class actions.  **[709283_c327fa9552b44fa18fa037eecd48d515_0]** **[709283_c327fa9552b44fa18fa037eecd48d515_1]** 
- For **Quantum Corporation**, the class period is **November 15, 2024 – August 18, 2025**, with a lead plaintiff deadline of **November 3, 2025**.  **[709283_c327fa9552b44fa18fa037eecd48d515_0]**  The complaint alleges **improper revenue recognition** during the fiscal year ended March 31, 2025, which would require a **restatement of financial statements for the fiscal third quarter ended December 31, 2024**.  **[709283_c327fa9552b44fa18fa037eecd48d515_0]** 
- **Tronox Holdings PLC** faces allegations of inadequate demand forecasting and misleading margin projections for a class period of February 12, 2025 – July 30, 2025, with a lead plaintiff deadline of **November 3, 2025**.  **[709283_c327fa9552b44fa18fa037eecd48d515_0]** 
- **Savara Inc.** and **Fly-E Group, Inc.** also have class actions with lead plaintiff deadlines of **November 7, 2025**.  **[709283_c327fa9552b44fa18fa037eecd48d515_0]** **[709283_c327fa9552b44fa18fa037eecd48d515_1]**  Savara's complaint concerns alleged deficiencies in its MOLBREEVI BLA submission, while Fly-E's relates to alleged misleading statements about its business and minimized risks.  **[709283_c327fa9552b44fa18fa037eecd48d515_0]** **[709283_c327fa9552b44fa18fa037eecd48d515_1]**

Class Action Lawsuits Filed Against Quantum, Tronox, Savara, and Fly-E

- For the third quarter ended September 30, 2025, **net income** was **$16.5 million** compared to **$17.2 million** in the prior quarter, with **diluted earnings per share (EPS)** of **$0.95** compared to **$1.00**.  **[709283_e099f804c14046d0955555356cfa28c2_0]** 
- For the nine months ended September 30, 2025, **net income** increased to **$48.2 million** from **$40.6 million** in the same period last year, and **diluted EPS** rose to **$2.79** from **$2.37**.  **[709283_e099f804c14046d0955555356cfa28c2_0]** 
- The company announced an **increase in its quarterly cash dividend** to **$0.12 per share**.  **[709283_e099f804c14046d0955555356cfa28c2_0]** 
- **Total assets** decreased by **$3.3 million** to **$4.6 billion** at September 30, 2025, compared to December 31, 2024, while **stockholders' equity** increased by **$44.1 million** to **$595.8 million** over the same period.  **[709283_e099f804c14046d0955555356cfa28c2_15]** 
- **Noninterest income** for the third quarter decreased by **$1.4 million**, primarily due to no gain on the sale of branches in the current quarter compared to a **$1.4 million gain** in the prior quarter.  **[709283_e099f804c14046d0955555356cfa28c2_6]**

HomeTrust Bancshares, Inc. Announces Q3 2025 Financial Results and Dividend Increase

- A class action lawsuit has been filed against **Quantum Corporation (QMCO)** concerning alleged securities fraud or unlawful business practices, with investors having until **November 3, 2025**, to seek lead plaintiff status.  **[709283_20251018DC00026:0]** 
- The lawsuit stems from Quantum's disclosure on **June 30, 2025**, that it would postpone its Annual Report filing to review revenue recognition accounting practices, leading to a **10.03%** stock price drop on **July 1, 2025**.  **[709283_20251018DC00026:0]** 
- On **August 8, 2025**, Quantum announced that its **Q3 2024 financials** could not be relied upon and would be restated to show a **$3.9 million decrease in revenue**, also revealing material weaknesses in internal controls as of **December 31, 2024**, and **March 31, 2025**.  **[709283_20251018DC00026:0]** 
- Quantum's Chief Financial Officer, Lewis Moorehead, resigned on **August 18, 2025**, amid an internal accounting review related to revenue recognition practices, which caused an **8.2%** decline in the company's stock price on **August 19, 2025**.  **[709283_20251018DC00026:0]**

Class Action Lawsuit Filed Against Quantum Corporation Over Accounting Practices

- The Law Offices of Howard G. Smith have announced the filing of **securities fraud class action lawsuits** against **Quantum Corporation (QMCO)**, **Tronox Holdings PLC (TROX)**, **Savara Inc. (SVRA)**, and **Fly-E Group, Inc. (FLYE)**.  **[709283_dd15b7fe38f24e238237e7aa0c363975_0]** **[709283_dd15b7fe38f24e238237e7aa0c363975_1]** 
- For Quantum Corporation, the complaint alleges **improper revenue recognition** during the fiscal year ended March 31, 2025, which would necessitate a **restatement of financial statements** for the fiscal third quarter ended December 31, 2024.  **[709283_dd15b7fe38f24e238237e7aa0c363975_0]** 
- The lead plaintiff deadline for Quantum Corporation and Tronox Holdings PLC is **November 3, 2025**, while for Savara Inc. and Fly-E Group, Inc., it is **November 7, 2025**.  **[709283_dd15b7fe38f24e238237e7aa0c363975_0]** **[709283_dd15b7fe38f24e238237e7aa0c363975_1]** 
- Other allegations include Tronox Holdings PLC being **ill-equipped to forecast demand**  **[709283_dd15b7fe38f24e238237e7aa0c363975_0]** , Savara Inc.'s MOLBREEVI BLA **lacking sufficient information** and facing potential FDA approval issues  **[709283_dd15b7fe38f24e238237e7aa0c363975_0]** , and Fly-E Group, Inc. minimizing risks related to its **lithium battery, supply chain, and demand fluctuations**.  **[709283_dd15b7fe38f24e238237e7aa0c363975_1]**

Law Offices of Howard G. Smith Announce Securities Fraud Class Actions Against QMCO, TROX, SVRA, and FLYE

- A class action lawsuit has been filed against **Quantum Corporation** (NASDAQ: QMCO).  **[709283_d922196cc595436b96e792702fbaefcd_0]** 
- The complaint alleges that Quantum improperly recognized revenue during the fiscal year ended **March 31, 2025**, and would need to restate its previously filed financial statements for the fiscal third quarter ended **December 31, 2024**.  **[709283_d922196cc595436b96e792702fbaefcd_0]** 
- The Class Period for the lawsuit is from **November 15, 2024**, to **August 18, 2025**, with a Lead Plaintiff Deadline of **November 3, 2025**.  **[709283_d922196cc595436b96e792702fbaefcd_0]**

QUANTUM CORP /DE/ (QMCO)